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This is the 19th edition with a publication date of 1/13/2011.

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I'm an Econ student at Western Kentucky University, and I must say that this book has been great. The author really knows what he's talking about and it shows. The material is presented in a way that is easier to understand than most econ texts. Some books in our field are a nightmare, this one is a breath of fresh air.

Summary

McConnell, Brue, and Flynn's Economics: Principles, Problems, and Policiesis the #1 Principles of Economics textbook in the world. It continues to be innovative while teaching students in a clear, unbiased way. The 19th Edition builds upon the tradition of leadership by sticking to 3 main goals: Help the beginning student master the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives; help the student understand and apply the economic perspective and reason accurately and objectively about economic matters; and promote a lasting student interest in economics and the economy.

Table of Contents

PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY

To the Student

1 Limits, Alternatives, and Choices (+ Appendix)

2 The Market System and the Circular Flow

PART 2: PRICE, QUANTITY, AND EFFICIENCY

3 Demand, Supply, and Market Equilibrium (+ Appendix)

4 Elasticity

5 Market Failures: Public Goods and Externalities

PART 3: MICROECONOMICS of PRODUCT MARKETS

6 Consumer Behavior (+ Appendix)

7 Businesses and the Costs of Production

8 Pure Competition in the Short Run

9 Pure Competition in the Long Run

10 Pure Monopoly

11 Monopolistic Competition and Oligopoly (+ Appendix)

11w Technology, R&D, and Efficiency

PART 4: MICROECONOMICS of RESOURCE MARKETS

12 The Demand for Resources

13 Wage Determination (+ Appendix)

14 Rent, Interest, and Profit

15 Natural Resource and Energy Economics

PART 5: MICROECONOMICS of GOVERNMENT

16 Public Finance: Expenditures and Taxes

17 Asymmetric Information, Voting, and Public Choice

PART 6: MICROECONOMIC ISSUES and POLICIES

18 Antitrust Policy and Regulation

19 Agriculture: Economics and Policy

20 Income Inequality, Poverty, and Discrimination

21 Health Care

22 Immigration

PART 7: GDP, GROWTH, AND INSTABILITY

23 An Introduction to Macroeconomics

24 Measuring Domestic Output and National Income

25 Economic Growth

26 Business Cycles, Unemployment, and Inflation

PART 8: MACROECONOMIC MODELS and FISCAL POLICY

27 Basic Macroeconomic Relationships

28 The Aggregate Expenditures Model

29 Aggregate Demand and Aggregate Supply (+ Appendix)

30 Fiscal Policy, Deficits, and Debt

PART 9: MONEY, BANKING, and MONETARY POLICY

31 Money, Banking, and Financial Institutions

32 Money Creation

33 Interest Rates and Monetary Policy

34 Financial Economics

PART 10: EXTENSIONS and ISSUES

35 Extending the Analysis of Aggregate Supply

36 Current Issues in Macro Theory and Policy

PART 11: INTERNATIONAL ECONOMICS

37 International Trade

38 The Balance of Payments, Exchange Rates, and Trade Deficits

39w The Economics of Developing Countries

OPTIONAL CONTENT FOR INSTRUCTORS(Available for instructors on the OLC)